Dr Samantak Das, Chief Economist and National Director-Research, Knight Frank India, “At a broad level, sentiments of the stakeholders from the supply side have been upbeat, largely courtesy the gradual acceptance of structural reforms like RERA and GST taking shape.

Taking a step towards in contributing to the ‘Housing for All by 2022’ initiative, the Maharashtra Government and the National Real Estate Development Council (NAREDCO) have signed a Memorandum of Understanding (MoU) at the ‘Magnetic Maharashtra: Convergence 2018’. Under this, three lakh affordable houses will be provided in the Mumbai Metropolitan Region (MMR).

In order to enable affordable housing for lower income groups (LIG), the Punjab Government has cleared the way for the notification of the Affordable Colony policy, 2018. This is also to keep a check on the increase in a number of unauthorised colonies.

Even while as housing loans continue to dominate the loan portfolio of housing finance companies (HFC)s, the share of housing loans in the overall HFC portfolio has been declining owing to the higher pace of growth of non-housing loans.

Around 60,000 affordable houses based on public-private-partnership (PPP) basis will be built in all eight zones of the Pimpri Chinchwad Municipal Corporation (PCMC) by 2022. The project will be carried out under the Pradhan Mantri Awaas Yojana (PMAY), for which tenders have already been invited. As reported, around 2.5 FSI will be given for the project.

The lifeline of Mumbai has always been the suburban train network with local trains supporting more than 7.5 million commuters daily. However, due to immense overcrowding in local trains, the highway in the upmarket western suburbs is a viable commuting alternative for office goers.

It is evident: Connected technologies are making meaningful contributions to the efficiency and demand-side response of cities. Many urban centres have carried out street light replacement programmes, switching to more efficient LED bulbs and incorporating sensors that automatically decrease lighting output when there is no one on the street.